Design Capital (HKSE:01545) Inventory Turnover : 0.80 (As of Dec. 2023)

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What is Design Capital Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Design Capital's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$166.3 Mil. Design Capital's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$207.3 Mil. Design Capital's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Design Capital's Days Inventory for the six months ended in Dec. 2023 was 227.52.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Design Capital's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.82.

Design Capital Inventory Turnover Historical Data

The historical data trend for Design Capital's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Design Capital Inventory Turnover Chart

Design Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.81

3.57

2.39

1.80

1.63

Design Capital Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									1.06	0.81	0.82	0.83	0.80

Design Capital Inventory Turnover Calculation

Design Capital's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	362.876	/ (	(250.362	+	194.474)	/	2 )
=	362.876	/	222.418
=	1.63

Design Capital's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	166.262	/ (	(220.083	+	194.474)	/	2 )
=	166.262	/	207.2785
=	0.80

Design Capital (HKSE:01545) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Design Capital's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	207.2785	/	166.262	*	365 / 2
	=	227.52

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Design Capital's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	207.2785	/	253.043
	=	0.82

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Design Capital Inventory Turnover Related Terms

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Design Capital (HKSE:01545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Design Capital Ltd (HKSE:01545) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Joo Seng Road, No. 07-05, Singapore, SGP, 368357

Website

https://www.designcapital.sg

Design Capital Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the segments of Interior design, Furniture sales, U.S. furniture sales, and corporate. Furniture sales include both furniture sales and project sales and U.S. furniture sales. It derives prime revenue from the U.S. furniture sales segment which represents online sales of furniture in the U.S. market. Geographically the group has a business presence in the U.S., Singapore, Malaysia, and Brunei.

Executives

Beh Pur-lin Elaine
Goon Eu Jin Terence
Nobel Design International Limited
Tan Thiam Siew
Wee Ai Quey
Kho Chuan Thye Patrick
Sng Su Ying Marian
Kho Choon Keng
Lian Huat Group Pte. Ltd.
Lian Keng Enterprises Pte Ltd
Southern Cross Holdings Pte. Ltd.
Yuen Woon Siew Marilyn

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